As an economics major and the son of a business school professor, I’ve been immersed in theoretical business for much of my life. Oligopolies, Game Theory, and Competitive Advantage have been popular topics of conversation at the Petri household’s dinner table since I was in a high-chair.
But what I’ve discovered in the past 5 or so years working at a handful of small companies and consulting with a dozen or so more, is that their challenges and solutions are strikingly different from the ones encountered in the classroom. Here are five lessons I’ve learned about entrepreneurship that you’d never find in a business school curriculum:
